Shares of POET Technologies Inc. (POET) plummeted 6.38% in pre-market trading on Friday, following the release of the company's third-quarter 2025 financial results that fell short of analyst expectations.
The designer and developer of Photonic Integrated Circuits (PICs) reported a quarterly loss of $0.11 per share, missing the analyst consensus estimate of $0.09 by 22.22%. While this represents a 45% improvement from the $0.20 loss per share in the same period last year, it wasn't enough to satisfy investors. Additionally, POET Technologies posted quarterly sales of $298,434, falling significantly below the analyst consensus estimate of $400,000 by 25.39%. Despite this miss, it's worth noting that sales increased dramatically from just $3,685 in the same quarter of the previous year.
The company's financial report revealed a net loss of $9.4 million for the third quarter, compared to a net loss of $12.7 million in the same period of 2024. POET Technologies highlighted its progress towards commercialization, including two initial production orders valued at over $5.6 million, which the company expects to contribute to a revenue ramp throughout 2026. However, the market's reaction suggests that investors were looking for more immediate results and stronger financial performance in the current quarter.
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